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Asked Nov 19, 2019
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How would you recommend stabilizing the company's unit product cost?

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Expert Answer

Step 1

Unit cost of a product is determined by dividing the total cost of the units produced by the total number of units produced. The total cost is the sum of variable, semi variable and fixed costs that can be in the form of direct materials cost, direct labor cost, overheads like salary, rent, lighting expenses etc.

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